This Citizen's Charter provides information on various facilities
provided by the Reserve Bank of India in the matter of exchange of notes and coins and the common
standards of the services provided at RBI Issue Offices and commercial bank branches.

2. Services Available at RBI Issue Offices

The RBI Offices, where Issue Department is functioning, offer the
facility to members of the public to exchange their notes including soiled and mutilated notes
and coins including uncurrent or worn out coins. The Bank is committed to provide exchange
facility free of cost at its counters during business hours.

Members of the general public can also get their notes exchanged
into coins using the coin dispensers installed in the banking halls of the Reserve Bank's
Regional Offices.

5. Exchange of soiled and mutilated notes and coins at the Bank's
public counters: Members of the general public can avail themselves of the following
facilities at the counters of the Bank's Offices.

(a) Exchange soiled notes: A note which has become limp
or which has developed minor cuts due to wear and tear or which is disfigured by oil; color,
ink, etc. will be treated as soiled note. To facilitate easy exchange, notes which have been
divided vertically through or near the centre with numbers intact are also treated as soiled
notes. Notes on which political or religious slogans are written are not exchangeable under
any circumstances.

(b) Exchange mutilated notes: A mutilated note is a note of which a portion is
missing or a note which is composed of pieces, provided that the note presented is not less
than half of the area of the note and that, if the note is composed of a note joined together,
each piece is, in the opinion of the 'Prescribed Officer' [as defined in the RBI
(Note Refund) Rules] identifiable as part of the same note. The RBI (Note Refund) Rules,
1975 (as amended upto 1980) are posted on the RBI Website http://www.rbi.org.in under the
Head "Publications" and Sub-Head "Occasional Publications".

(c) Exchange of coins including uncurrent coins into notes or coins.

6. Exchange of mutilated/cut notes received through the Triple Lock
Receptacle or by Post.

In order to provide note exchange facility to members of the
public who cannot wait at the Bank' s counters to tender their mutilated/cut notes, the Bank's
Offices provide a facility of depositing mutilated/cut notes in a locked box called "Triple
Lock Receptacle (TLR)". The TLR box is kept near a specified counter and notes can be dropped
into the box in a closed cover which can be obtained from the enquiry counter. The tenderers
are required to write the particulars of the notes tendered by them, their name, address and
bank account number on the cover. Members of the public can also send mutilated notes by
insured and registered post to RBI Offices. In their own interest, such covers should be sent
through Registered and Insured post. The exchange value of notes which are found payable under
the Note Refund Rules is credited to the bank account of the tenderer through Electronic
Clearing Service which is at present free of cost. In case the tenderer does not have bank
account or the place where he resides does not have a clearing service, the exchange value
is remitted by means of bank draft/money order at the cost of the tenderer. The TLR facility
is available only for mutilated/cut notes and not for soiled notes.

7. General Conditions of Service

The exchange facility over the Bank's counters is available during
the business hours of the respective Regional Office and is free of cost.

The serial numbers of counters where exchange facility is made available at each Office
are displayed at the banking hall of each Office of the Bank.

Mutilated/cut notes in closed covers are received in Triple Lock Receptacle upto one
hour after the close of normal business hours.

The mutilated/cut notes are exchanged by the Bank as of grace under the Reserve Bank
of India (Note Refund) Rules. When the mutilated/cut note is not found payable under the Rules,
the same is rejected and rejection advice issued to the tenderer. The rejected note is retained
by the bank and destroyed after four months.

Notes/coins which are found to have been forged/ counterfeited are impounded and no value
thereof is paid. Such notes/coins are retained by the Bank after issue of advice to the tenderer.

The security features of the bank notes issued by RBI are furnished as information to
members of the public in the Bank's website http://www.rbi.org.in/currency/banknotes.html

In case any member of the public faces any difficulty in getting the above exchange
facilities at any RBI Offices or is asked for any bribe, he may record a complaint in the
complaint book/register maintained at the enquiry counter of the Regional Office or bring
it to the notice of the in-charge of the Issue Department of the respective RBI Office.
The designation and addresses of the in-charges are furnished in
The Annexure

The staff and officers of the Reserve Bank will treat each member of the public
with courtesy and consideration. The staff will be helpful and will attend promptly to
the customer's enquiries and complaints.

8. Exchange of soiled and mutilated notes and coins at the counters
of commercial banks.

Offices of the Reserve Bank are located at selected centers. The
Bank has, therefore, made arrangement for provision of the facility of exchange of
soiled notes, exchange of notes to coins and coins to notes at the branches of scheduled
commercial banks. While the facility for exchange of soiled notes is available at all branches
of public sector banks and currency chest branches of private sector bank, the facility of
exchange of mutilated / cut notes is available only at the currency chest branches of commercial
banks. A list of the currency chest branches where the mutilated notes can be exchanged is
available at the enquiry counter of the RBI Offices. Such currency chest branches also have
instructions to display notice board regarding availability of mutilated notes exchange facility.
In case any such branch refuses to provide the exchange facility, aggrieved members of the
public can complain to the Chairman and Managing Director/CEO of the commercial bank concerned.
In case the grievance is not redressed, the matter may be brought to the notice of the concerned
Regional Office of Reserve Bank of India.

Branches of other banks i.e. Co-operative Banks and Regional Rural Banks are expected to
exchange notes and coins at their convenience. They, however, do not have powers to exchange
mutilated notes.

9. Suggestion/Comment

In case any member of the public has any suggestion/comment to
offer in regard to the Citizen's Charter, he may write to The Chief General Manager,
Department of Currency Management, Reserve Bank of India, Central Office, Shahid Bhagat Singh
Marg, Mumbai - 400 001.